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Egypt Turns to LNG Imports to Counter Blackouts

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Egypt News

LNG,Natural Gas,Blackouts

Egypt looks to import its highest number of LNG cargoes in years to counter the strain on its energy grid and industry.

Egypt looks to import in the coming months the highest number of LNG cargoes in years as it looks to ease the strain on its grid and industry amid energy shortages that have led to rolling blackouts this summer. Egyptian Natural Gas Holding Co, the state gas company, is seeking to purchase at least 17 LNG cargoes for delivery over the next three months, traders familiar with the company’s tender to the market told Bloomberg.

Earlier this year, Egyptian Natural Gas Holding sought to lease a liquefied natural gas import terminal from providers of FLNG units to get ahead of the scorching summer season that routinely triggers power blackouts due to the heavier load.

 

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